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215 Churchill Road
Prospect SA 5082

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Land area: 739m2
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Property Details for 215 Churchill Rd, Prospect

215 Churchill Rd, Prospect is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 739m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 6 bedroom BlockOfUnits sold in Prospect in the last 12 months.

Building Type
BlockOfUnits
Land Size
739m2
Local Government
Prospect

Last Listing description (June 2024)

Ray White Adelaide City Team proudly presents an exceptional investment opportunity on Churchill Road, Prospect. This unique offering includes three units, all situated on a single Title, providing a rare chance to acquire a multi-unit property. With all three units currently tenanted, this proposition promises immediate rental income, making it a highly lucrative investment. Don't miss this rare opportunity to secure a valuable asset in a sought-after location.

This prime location is within easy walking distance to all the shopping and entertainment options available on Prospect Road, including popular spots like Bottega Bandito, Frankly Bagels, and various other restaurants, bars, and cafes. It's also conveniently close to North Park Shopping Complex, Sefton Plaza, Costco, Churchill Centre and plenty of public transport options. Furthermore, it's only 4km from vibrant North Adelaide and around 6km from the CBD (approx.).

Accessed from the common driveway, the property is situated on the right side with a North-South orientation. Each unit features 2 bedrooms, 1 bathroom, a separate laundry, and an easy-to-maintain backyard. The common areas include the driveway, undercover carports, and a courtyard, offering convenience and functionality for all residents.

Currently tenanted, this property guarantees a steady and reliable income stream from the very first day. This turnkey investment requires minimal effort while delivering maximum returns, making it an ideal opportunity for savvy investors seeking a hassle-free and profitable venture.

Investment Notes:
Unit 1 - The lease ends on 4th of January 2025 - Currently rental $400 p/w
Unit 2 - The lease ends on 15th of September 2024 - Currently rental $380 p/w
Unit 3 - The lease ends on 17th of January 2025 - Currently rental $400 p/w
Total rental: $1,180 p/w at the moment with great tenants

MORE FEATURES INCLUDED:
- Three units with one title
- Urban Corridor (Boulevard) Zoning with potential development opportunities (STPC)
- All of three units with two generous size bedrooms, one functional bathroom
- Spacious living areas with open plan kitchens
- Separate laundries access to backyards
- Decent size of sunny rear yards
- Unit 1 with garden shed
- Three under cover carports
- Secure remote control electronic front gate

School zoning for Adelaide High School, Adelaide Botanic High School. Nearby schools include Prospect North Primary School, Enfield Primary School, Prospect Primary School, Brompton Primary School, Nailsworth Primary School, Woodville High School, Roma Mitchell Secondary College, Findon High School.

All these features all help make this sought after block of units an ideal opportunity for developers, renovators, local business owners or as a fantastic investment opportunity. Don't miss out on this amazing opportunity in popular Prospect!

The potential for subdivision or development is contingent upon obtaining all required council consents and approvals.

PROPERTY DETAILS:
Council - City of Prospect
Zone- Urban Corridor (Boulevard) - UC(Bo)
Land - 739 sqm (approx.)
House - 356 sqm (approx.)
Built - 1972
CT - 5348/97
Council rate - $1,095 p/q (approx.)
Water - $500 p/q (approx.)
ESL - $47 p/q (approx.)

Contact the Ray White Adelaide team for any further information at:

Chris Xu - 0433 616 770
chris.xu@raywhite.com

Don Xing - 0427 830 333
don.xing@raywhite.com

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice.

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Property History for 215 Churchill Rd, Prospect, SA 5082

A timeline of how this property has performed in the market
Last Sold
10 Jun 2024
  • 10 Jun 2024
    Sold for $1,461,000
  • 14 May 2024
    Listed for Sale Under Contract
  • 28 Jun 2023
    Listed for Sale Auction - Contact Agent

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About Prospect 5082

The size of Prospect is approximately 5 square kilometres. It has 18 parks covering nearly 3.1% of total area. The population of Prospect in 2011 was 13,008 people. By 2016 the population was 13,288 showing a population growth of 2.2% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 65.4% of the homes in Prospect were owner-occupied compared with 65.1% in 2016.

Prospect has 6,891 properties. Over the last 5 years, Houses in Prospect have seen a 95.42% increase in median value, while Units have seen a 52.53% increase. As at 30 September 2024:

  • The median value for Houses in Prospect is $1,315,867 while the median value for Units is $520,618.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 31 properties listed for sale, and 15 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 261 properties were sold in the past 12 months in Prospect.

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